Small businesses in China fret over US tariffs, look to manage costs
Business
As US imports become more expensive, Chinese shopowners are seeking alternatives to mitigate the impact. BEIJING: Small business owners are reassessing their import options and scrambling to manage costs as they brace for impact from a brewing trade war between the United States and China. US President Donald Trump has slapped a 145 per cent tax on Chinese goods in what he calls reciprocal tariffs to close a trade deficit, and Beijing has retaliated with a 125 per cent levy on US imports. The
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